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Prices Paid: Buying & Leasing Experiences Lexus RX 350 / RX 450h Lease Questions
1582 messages, Last post on Dec 03, 2009 at 11:27 AM
You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx
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Hi all. In the market for a 2010 RX again. Wondering if anyone can share any experiences getting this car at or near invoice in the PA/NJ/MD area. I'm willing to drive to get the vehicle if anyone can give me specifics about where they've been lucky enough to find a deal like this. If I can get the RX at/near invoice I can make the move. Thanks! Jay |
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I got excited about MSDs as a way to possibly lower my monthly lease payment without putting money at risk. But when I asked my local Lexus dealer about this, I was surprised and disappointed to hear that MSDs are not allowed in NY. I asked if it would make a difference if I got the vehicle from a dealer in CT rather than NY. The NY Lexus dealer said no, because I live in NY. I intend to check this with a CT Lexus dealer in case the NY Lexus dealer may just be telling me this in order not to lose a sale. But in the meantime, I thought I'd raise the issue in this forum in case anyone has had personal experience with this and knows the answer. Is there anyone out there who lives in NY, but leased a vehicle from a dealer in a neighboring State in order to benefit from MSDs? Or is there anyone out there who already explored this possibility and found that it does not work? One more question. Take the worst case scenario where the leased vehicle is totaled the moment I drive it off the dealer's lot after taking delivery. I assume that the gap insurance inculded in the lease would fully satisfy LFS and that my MSDs would therefore be fully refunded. Has anyone had personal experience with this to know for sure that MSDs are fully refunded in the situation where the lease vehicle is totaled or stolen during the lease term? Before I make MSDs, I want to make sure that it is really as safe as it seems to be. Thanks. Regards.
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Replying to: go_orange (Aug 12, 2009 5:23 am) Frankly....all you have to do is call up a dealer in CT or NJ/PA as the question if you can do it..even though you live in NY...see what he says.
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Replying to: 4barbara (Aug 12, 2009 5:43 am) Then it's something I'd sure like to do if I can. Looks as though MSDs would make a big difference in my monthly lease payment by application of a lower money factor (.00165 i/o .00255). As for tying up approximately $5,000 for 3 years, this looks like a much better use of money than leaving it in the bank and getting paid peanuts in interest. |
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PRICE: Since the lease program (money factor, residual, bank fee) is what it is, I suppose that the sales price on which the lease is based is the only place for negotiation. My local Lexus dealer in NY quoted me a monthly lease payment which is based on an offered sales price of $39,918 on a 2010 RX with a MSRP of $43,265. Since it was a first offer, I assume I could do better though I have not yet shopped the price to know how low a metro NY area dealer will go. In the menatime, I'd like to invite opinions from contributors to this forum on whether $39,918 is a decent price in the metro NY area for a 2010 RX with a MSRP of $43,265. If not, I'd like to invite opinions on the ballpark price I should be targeting. OPTIONS: My local Lexus dealer in NY told me that all non-navi RXs come equipped with the same combination of options. Although the brochure has what appears to be an options menu, it seems that in reality customers may have no real choice. Is this really the way it is with Lexus? I noticed that some of the things appear to be dealer accessories rather than factory installed options. For example, wheel locks for $81. I asked my local dealer if I could at least get the vehicle without dealer-added accessories. The answer was no. Is this really the way it is with Lexus? LEASE SUPPORT: Any predictions from those familiar with Lexus and LFS as to when we are going to see a reduction in the money factor for the RX lease program? The residual is good, but . . . My current lease expires in Oct and I'm wondering whether lease support on the RX will come along in time for my moment of need. It did not come along in time for the Golden Opportunity summer sales event, which does not bode well. But the RX has been a volume seller for Lexus. Assuming that Lexus intends to maintain or even try to increase volume, then it seems to me that lease support has to come sooner or later, hopefully sooner. Thanks for any feedback. Regards.
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Replying to: go_orange (Aug 12, 2009 5:23 am) Sorry... anecdotal evidence is all I have..
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Replying to: kyfdx (Aug 12, 2009 4:03 pm) |
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Replying to: go_orange (Aug 12, 2009 5:23 am) Just posting this answer to my own question in case this may be helpful to anyone. |
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Replying to: go_orange (Aug 12, 2009 10:18 am) Just posting this answer to one of my own questions in case it may be helpful to others. |
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Replying to: davidd3 (Aug 14, 2009 5:08 am) It doesn't make sense that you can't put deposits down. Sales Tax I can understand but deposits! Have you done a search on this? ME! I never take no for an answer...especially in the biginning. Call someone in NJ. In any case....$599 out the door...no nav with min down. Out here in SoCal $1865 They took our 07 es 350 which was neg 2500...straight up We got the Matador Red w/ Parchment int came with the crossbars. That back up camera in the rear view mirror...cool
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